Infinity Natural Resources (NYSE:INR) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Infinity Natural Resources (NYSE:INR) from a strong-buy rating to a hold rating in a report released on Saturday.

Several other research firms have also issued reports on INR. KeyCorp raised their price target on Infinity Natural Resources from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Citigroup raised their price target on Infinity Natural Resources from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Weiss Ratings restated a “sell (d)” rating on shares of Infinity Natural Resources in a research report on Monday, May 4th. Finally, Zacks Research upgraded Infinity Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.50.

Infinity Natural Resources Trading Up 1.6%

Shares of NYSE INR opened at $15.47 on Friday. The stock has a market cap of $980.95 million, a PE ratio of 5.53 and a beta of -0.33. The company has a current ratio of 0.87, a quick ratio of 1.57 and a debt-to-equity ratio of 2.98. Infinity Natural Resources has a 1-year low of $11.13 and a 1-year high of $19.90. The firm’s 50-day moving average price is $16.87.

Infinity Natural Resources (NYSE:INR) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.67. Infinity Natural Resources had a return on equity of 42.90% and a net margin of 11.05%.The business had revenue of $117.06 million for the quarter. On average, analysts forecast that Infinity Natural Resources will post 3.49 EPS for the current fiscal year.

Insider Buying and Selling at Infinity Natural Resources

In related news, insider David Sproule sold 275,000 shares of Infinity Natural Resources stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $4,793,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 40.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Infinity Natural Resources

Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Infinity Natural Resources by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 64,485 shares of the company’s stock valued at $1,136,000 after buying an additional 1,429 shares during the last quarter. Barclays PLC raised its stake in Infinity Natural Resources by 10.5% during the fourth quarter. Barclays PLC now owns 24,458 shares of the company’s stock valued at $360,000 after buying an additional 2,334 shares during the last quarter. Invesco Ltd. raised its stake in Infinity Natural Resources by 18.6% during the fourth quarter. Invesco Ltd. now owns 16,853 shares of the company’s stock valued at $248,000 after buying an additional 2,643 shares during the last quarter. Geode Capital Management LLC raised its stake in Infinity Natural Resources by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 346,738 shares of the company’s stock valued at $5,109,000 after buying an additional 4,618 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Infinity Natural Resources during the fourth quarter valued at $75,000.

About Infinity Natural Resources

We are a growth oriented, free cash flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. We are focused on creating shareholder value through the identification and disciplined development of low-risk, highly economic oil and natural gas assets while maintaining a strong and flexible balance sheet. Additionally, we have proven our ability to grow our acreage position through organic leasing efforts and accretive acquisitions.